Business
NNPCL Restores 275,000 BPD Production …As PENGASSAN, TotalEnergies Settle Disagreement
The Nigerian National Petroleum Company Limited (NNPCL) has restored the production of 275, 000 barrels of oil per day production.
This follows a peace deal brokered by the NNPCL among the Management of TotalEnergies, operator of the NNPC/TotalEnergies JV, the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), which led to the unions agreeing to suspend ongoing industrial action.
In a communiqué issued at the end of the negotiation, which was chaired by the Executive Vice President (EVP), Upstream, NNPCL, Oritsemeyiwa Eyesan, all parties committed to resolving all the issues within an agreed framework.
NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, in a statement made available to The Tide’s source, said the communiqué was signed by TotalEnergies MD/CEO, MatthieuBouyer, PENGASSAN President, Comrade Festus Osifo, and NUPENG President, Comrade Williams Akporegha.
It was witnessed by EVP Eyesan, and Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Bala Wunti.
The signing also had in attendance the Deputy Managing Director, TotalEnergies, Victor Bandele.